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New York State Department of Financial Services

Weekly Banking Bulletin

January 6, 2017

SECTION I

This section records the receipt of banking-related applications and notices to the Department of Financial Services.   Applications and notices received by Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services are listed in order of date of receipt; applications and notices received by Mortgage Banking are listed at the end of Section I by type of application or notice. THE WEEKLY BULLETIN CONSTITUTES THE ONLY WRITTEN NOTIFICATION OF THESE SUBMISSIONS ISSUED BY THE DEPARTMENT.

SECTION II

This section records actions taken by the Superintendent of Financial Services, and other information concerning banking-related activities of the Department of Financial Services. Actions relating to institutions supervised by Foreign and Wholesale Banks, Community and Regional Banks and Licensed Financial Services are listed in order of date of action; actions relating to institutions supervised by Mortgage Banking are listed at the end of Section II by type of action taken.

GENERAL INFORMATION

Each item below is identified by a two-letter code indicating the type of institution and a three-letter code indicating the unit of the Department which has supervisory responsibility for the institution.  The following is a list of the codes and their meanings:

Institution Codes

BKBankMBMortgage Banker
BPBudget PlannerBRMortgage Broker
CCCheck CasherMLSMortgage Servicer
CUCredit UnionPFPremium Finance Agency
FAForeign AgencyPBPrivate Banker
FBForeign BranchSDSafe Deposit Company
FRForeign Representative OfficeSFSales Finance Agency
HCHolding CompanySLSavings and Loan Association
ICInvestment CompanySBSavings Bank
LLLicensed LenderTMTransmitter of Money
MKMerchant BankTRTrust Company
MIMiscellaneous VC Virtual Currency

Regulatory Unit Codes

CM Capital Markets
CRBCommunity and Regional Banks
CSDConsumer Services
FWBForeign and Wholesale Banks
LFSLicensed Financial Services
MBDMortgage Banking


SECTION I

CALL FOR REPORTS
The Department of Financial Services issues a call for reports of condition and income from banks, trust companies and private bankers as at the close of business December 31, 2016. In accordance with Part 23 of the General Regulations of the Superintendent, those banks and trust companies which file similar reports with the Federal Reserve Bank of New York or the Federal Deposit Insurance Corporation may file those same reports with this Department. Banks, trust companies, and private bankers that are required to file reports with the Department of Financial Services are reminded that failure to file these reports by February 1, 2017 will result in a violation of Sections 37, 125 or 176 of the Banking Law which authorize fines for each day an institution is delinquent in filing of any required report.


December 22, 2016 (SB-CRB)
PIONEER SAVINGS BANK
652 Albany Shaker Road, Albany, NY 12211

Application dated December 20, 2016, for permission to open and occupy a branch office at 739 Upper Glen Street, Queensbury, Warren County, New York 12804, received.


December 22, 2016 (TR-CRB)
MANUFACTURERS AND TRADERS TRUST COMPANY
One M&T Plaza, Buffalo, NY 14203

Notice of intention to close branch office at 782 Lacey Road, Forked River, Ocean County, NJ 08731, received.

The comment period on this notice will expire February 6, 2017.


December 23, 2016 (SB-CRB)
RIDGEWOOD SAVINGS BANK
71-02 Forest Avenue, Ridgewood, NY 11385

Application for permission to open and occupy a branch office at 1125 Old Country Road, Plainview, Nassau County, New York 11803, received.


December 29, 2016 (CU-CRB)
ENCOMPASS NIAGARA CREDIT UNION
2525 Military Road, Niagara Falls, New York 14304

The conversion of Encompass Niagara Credit Union to a federal charter became effective December 1, 2016.


January 3, 2017 (BK-CRB)
JEFF BANK
4866 State Route 52, Jeffersonville, New York 12748

Notice of intention to close branch office at 85 Main Street, Bloomingburg, Sullivan County, NY 12721, received.

The comment period will expire on February 5, 2017.


Application received pursuant to Section 594-b of the New York Banking Law and Part 410 of the Superintendent's Regulations for control interest:

December 30, 2016 (BK-MBD)
Applicant(s)
The Curti 2002 Revocable Trust
The Kevin Parra Revocable Trust dated April 17, 2009
The Michael Fontaine Family Trust dated February 10, 2016
To acquire interest in:
Plaza Home Mortgage, Inc.
4820 Eastgate Mall, Suite 100, San Diego, CA 92121


Article 12-E Applications received. Individuals listed may not engage in mortgage loan origination activities prior to the approval of their application for licensing.   They must also complete all required education, testing and bonding requirements by the dates set forth in Part 420 of the Superintendent’s Regulations which may be found on the Department’s website.

Date of Application

NMLS ID

Name of Applicant

City

State

June 20, 2016

1208337

David S. Baptiste

Brooklyn

New York

November 7, 2016

1513620

Mohammed Minhajul Islam

Woodside

New York

November 21, 2016

1558515

Jessica L Whitford

Cohoes

New York

November 22, 2016

1534551

Maria Tuffarelli

Hauppauge

New York

November 28, 2016

62433

Joseph Lucci

Staten Island

New York

November 28, 2016

279244

Bin Hu

Mclean

Virginia

December 5, 2016

1566169

Abraham Mossberg

Brooklyn

New York

December 6, 2016

1526178

Richard Fitzgerald   Gabelman

Gambrills

Maryland

December 7, 2016

255647

Joseph Andrew Suebert Jr.

Simi Valley

California

December 12, 2016

1552561

Dario Strazimiri

Shelby Township

Michigan



SECTION II

September 30, 2016 (MI-CRB)
BERKSHIRE BANK
24 North Street, Pittsfield, MA

As provided in Section 28-c of the Banking Law, the Department of Financial Services has found that the proposed closing of the branch office at 14 Larose Street, Glens Falls, Warren County, New York 12801, will not result in a significant reduction of banking services in the community to be affected.


December 16, 2016 (FB-FWB)
TURKIYE CUMHURIYETI ZIRAAT BANKASI A.S.
Anafartalar Mahallesi, Ataturk Bulvari No: 8 06050 Altindag/Ankara, Turkey

Notice pursuant to Section 605.11 of the Banking Law that Turkiye Cumhuriyeti Ziraat Bankasi A.S. intends to voluntarily liquidate its New York branch located at 122 East 42nd Street, Suite 310, New York, NY 10168, received.


December 29, 2016 (MI-CRB)
BANK OF HOPE
3200 Wilshire Boulevard, Los Angeles, CA 90010

As provided in Section 28-c of the Banking Law, the Department of Financial Services has found that the proposed closing of branch office at 308 Fifth Avenue, Borough of Manhattan, City of New York 10001, will not result in a significant reduction of banking services in the community to be affected.


January 3, 2017 (SB-CRB)
NEW YORK COMMUNITY BANK
136-65 Roosevelt Avenue, Flushing, NY 11354

ASTORIA BANK (MI-CRB)
37-16 30th Avenue, Long Island City, NY 11103

Application, pursuant to Section 601 of the Banking Law, for Astoria Bank to merge with and into New York Community Bank, under the name New York Community Bank, withdrawn.


January 4, 2017 (PB-FWB)
BROWN BROTHERS HARRIMAN & CO.
140 Broadway, New York, NY 10005

Verified Certificate to Continue Business, approved and filed.


Certificate to engage in the business of a Mortgage Broker surrendered:

January 4, 2017 (BR-MBD)
Coral Mortgage Bankers Corp. D/B/A Coral Mortgage
One University Plaza, Suite 412, Hackensack, NJ 07601
Effective Date: October 17, 2016

January 4, 2017 (BR-MBD)
Village Funding Corp.
211-43 Jamaica Avenue, Queens Village, NY 11428
Effective Date: October 18, 2016


Certificate to engage in the business of a Mortgage Broker Branch surrendered:

January 4, 2017 (BR-MBD)
Full Service Branch
Coral Mortgage Bankers Corp. D/B/A Coral Mortgage
4021 Ave T, First Floor, Brooklyn, NY 11234
Effective Date: October 17, 2016

January 4, 2017 (BR-MBD)
Full Service Branch
Coral Mortgage Bankers Corp. D/B/A Coral Mortgage
19 Walt Whitman Road, Huntington Station, NY 11746
Effective Date: October 17, 2016


Mortgage Broker Certificate Address Changes:

January 3, 2017 (BR-MBD)
Mortgage Affiliates of America, Inc.
From: 12 Mill Plain Road, Suite 10, Danbury, CT 06811
To: 12 Mill Plain Road, Suite #7, Danbury, CT 06811-5135


Mortgage Loan Servicer name change received:

January 3, 2017 (MLS-MBD)
From: Springleaf Home Equity, Inc.
To: OneMain Home Equity, Inc.


The following registered Mortgage Broker has entered into a Settlement Agreement with the Department, in lieu of a hearing for a fine or revocation of its mortgage broker registration to settle a violation of Section 591-a(2) of the Banking Law for utilization of unauthorized domain names. The Settlement Agreement terms and conditions include a fine of $7,500.

October 21, 2016 (BR-MBD)
Mitchell Funding of Valley Stream Inc.
20 West Lincoln Ave, Suite 307, Valley Stream, NY 11580


The following registered Mortgage Broker has entered into a Settlement Agreement with the Department, in lieu of a hearing for a fine or revocation of its mortgage broker registration to settle violations of Section 591-a(2) of the Banking Law for utilization of unauthorized domain names and Section 420.18(a)(3)(v) of the Superintendent’s Regulations for assigning its sponsored MLO to an unregistered location. The Settlement Agreement terms and conditions include a fine of $8,000.

December 20, 2016 (BR-MBD)
Prysma Lending Group, LLC d/b/a Prysma Home Funding
18 Padanaram Road, Danbury, CT 06811


The following Licensed Mortgage Loan Originator (“MLO”) has entered into a Settlement Agreement with the Department, in lieu of a hearing for a fine or revocation of their New York MLO license to settle violations of Section 420.20(a)(3) and Section 420.20(a)(4) of the Superintendent’s Regulations for misrepresentation of her license status as a mortgage banker or mortgage broker and Section 420.20(a)(6) of the Superintendent’s Regulations for, operating through an unauthorized website, engaging in transactions, practice, or course of business that does not constitute fair dealing. The Settlement Agreement terms and conditions include a fine of $2,500.

December 20, 2016 (MLO-MBD)
Denise Ann Panza


Applications for licensing as a Mortgage Loan Originator under Article 12-E of the New York Banking Law, WITHDRAWN.  The individuals listed may not engage in mortgage loan origination activity in New York State or on New York State residential property:

Date Application Withdrawn

NMLS ID

Applicant Name

City

State

December 29, 2016

162878

Victor Anatolyevich Yefremenko

Mayfield Heights

Ohio

December 29, 2016

1055367

Gregg Scott Tedeschi

Staten Island

New York



Approvals issued to engage in the business of mortgage loan origination under Article 12-E of the New York State Banking Law.

Date of Approval

NMLS ID

Name of Applicant

City

State

Sponsoring Entity

January 4, 2017

938145

Patricia Kyonghi Lopez

Santa Rosa

California

SoFi Lending Corp.

December 8, 2016

1387638

Jacob Tyler Peterson

Newport Beach

California

loanDepot.com, LLC

February 24, 2014

179832

Jonathan Junny Lee

Irvine

California

loanDepot.com, LLC

November 6, 2014

374473

Tuan Van Nguyen

Gilbert

Arizona

loanDepot.com, LLC

October   1, 2015

1077013

Kevin   Charles Hofman

Scottsdale

Arizona

loanDepot.com,   LLC

 

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